Rajan Replies

Fri, 05/25/2012 - 07:30 EDT - Forbes.com - Top Stories

In the Financial Times Raghuram Rajan writes Targeted government spending, or reduced austerity, along the lines suggested by sensible Keynesians, might be feasible in some countries and helpful in speeding recovery. But we should examine each policy based on a country's circumstances. Ok. Well, never mind then. Though I do have three points One, what's ...

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BHUBANESWAR: Pitching for better business environment for startups, Reserve Bank of India Governor Raghuram Rajan today said India has done away with the licence raj, but 'inspector raj' continues to some extent. He also said that regulations should be for betterment of the industry and not to discourage entrepreneurs and suggested a system of self-certification for the industries with some checks on the part of the authorities to prevent any misuse.

HYDERABAD: Reserve Bank of India governor Raghuram Rajan has questioned the pricing of IT deals that banks have entered into. Pointing out that the IT revolution has not brought down expenses for banks, Rajan said this could be because the structure of fees is such that cost reduction is not reflected in the bottom line. He also said that banks need to restructure and branches cannot be run as they were during the days of the ledger system.

NEW DELHI: Analysts and economists gave a thumbs-up to Raghuram Rajan as he completed two years as governor of the Reserve Bank of India (RBI) on Friday. On a scale of 5, five analysts have given Rajan an average rating of 4.5. Raghuram Govind Rajan took charge as the 23rd governor of Reserve Bank of India on September 4, 2013 with a three-year term. In his first two years in office, inflation has come down, interest rate has eased to 7.25 per cent from 8 per cent in 2014, the forex kitty has swelled and the rupee has become more resilient.

NEW DELHI: He steadied the country's choppy financial markets, pulled no punches when he delivered his speeches and endeared himself to even those who have nothing to do with the staid world of monetary policy. Raghuram Govind Rajan, engineer-turned-economist, will go down as perhaps the most flamboyant and outspoken Reserve Bank governors that India has ever seen. In the nearly three years that he has occupied the 18th floor office of the RBI building on Mint Street in Mumbai, Rajan has taken several steps to modernize the country's central bank.

If there is any compelling reason for bankers - at least the Indian ones - not to abandon their suits and ties, it has got to be Reserve Bank of India Governor Raghuram Rajan. No middle-aged man, never mind a central bank head, has ever had such a fan following without ever appearing (in public at least) sans regulation banker's suit and dark tie. Even Gorgeous George (Clooney), the closest rival to our Gorgeous Guv in the dishiness stakes, appears tantalizingly tieless and even bares his calves on holiday. But our RaRa avis is always in a banker's sober plumage.

NEW DELHI: Raghuram Rajan is the real deal. No, it's not us who are saying this. It's you, dear reader. In a survey conducted by ETMarkets.com, 86 per cent readers who took part in it voted for a second term for Rajan as the governor of the Reserve Bank of India when his term expires this September. This shows the average Indians' overwhelming faith in Rajan's ability in steering the economy through these challenging times. Rajan divides the country's opinion.

WASHINGTON: Indicating an imminent rate cut, RBI Governor Raghuram Rajan has said inflation has come down to the comfort zone quicker than expected and he is keeping a watch on data to see how much room is there for further easing of the monetary policy. "We are on a phase of accommodation. We are still in that phase. We are looking at the data to see what more room we have," Rajan said. Stating that RBI monetary policy has been accommodative, Rajan said he has cut interest rates three times already this year and he was "still on an accommodative setting".